The Central Power Purchasing Agency (CPPA) has submitted a plea to the National Electric Power Regulatory Authority (NEPRA) seeking an increase of Rs 3.41 per unit in electricity prices.
The proposed hike is part of the monthly fuel cost adjustment for the month of May, according to the application filed by the CPPA. The regulatory body is set to hold a hearing on the application on June 28.
In its submission, the CPPA outlined that a total of 12.26 billion units of electricity were generated in May. The cost of electricity production for the period was reported to be Rs 9.12 per unit.
The CPPA has attributed the need for the price increase to the rising costs associated with fuel.
